Tag : emerging markets

Health

EU announces investment in health of almost €170M plan

omandailynews.com
European leaders confirmed substantial financial commitments to strengthen medical infrastructure across the African continent ahead of the World Health Summit in Berlin. Official reports detail that the EU announces investment in health of almost €170 million to support resilient medical...
Business

Egypt secures $1 billion World Bank reform support

omandailynews.com
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing for the country as it...
News

India’s 77th Republic Day highlights growing EU economic ties

omandailynews.com
India marked its 77th Republic Day on Monday with senior European Union leaders attending the national celebrations in New Delhi, underscoring the country’s expanding global economic and diplomatic engagement. President Droupadi Murmu and Prime Minister Narendra Modi hosted European Commission President Ursula von...
Business

Argentina settles U.S. Treasury swap obligation in full

omandailynews.com
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S. Treasury, completing the repayment by the end of December 2025, according to statements from U.S....
Business

UN flags global economy operating near stagnation

omandailynews.com
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United Nations. The organisation said current conditions reflect an environment in which economic activity is restrained...
Business

IFC breaks financing record with $56B in 2024, 40% for climate

omandailynews.com
MENA Newswire News Desk: The International Finance Corporation (IFC), a member of the World Bank Group, achieved record-breaking financing of $56 billion during the fiscal year ending June 30, 2024. Of this total, 40% was allocated to climate-related projects from...
Business

New WEF platform aims to unlock capital for clean energy in emerging markets

omandailynews.com
MENA Newswire News Desk: The World Economic Forum (WEF) today unveiled its Playbook of Solutions, a comprehensive digital platform designed to enhance clean energy investments in emerging markets. The platform breaks down 100 policy measures and finance mechanisms that have...
Business

Chinese Yuan hits record lows against surging US dollar

omandailynews.com
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as...